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T-Mobile US Q4 and Full Year 2013
Disclaimer
This presentation contains “forward-looking” statements within the meaning of the U.S. federal securities laws. For
those statements, we claim the protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical
fact, including statements about T-Mobile US, Inc.'s plans, outlook, beliefs, opinions, projections, guidance,
strategy, integration of MetroPCS, expected network modernization and other advancements, are forward-looking
statements. Generally, forward-looking statements may be identified by words such as "anticipate," "expect,"
"suggests," "plan," “project,” "believe," "intend," "estimates," "targets," "views," "may," "will," "forecast," and other
similar expressions. The forward-looking statements speak only as of the date made, are based on current
assumptions and expectations, and involve a number of risks and uncertainties. Important factors that could affect
future results and cause those results to differ materially from those expressed in the forward-looking statements
include, among others, the following: our ability to compete in the highly competitive U.S. wireless
telecommunications industry; adverse conditions in the U.S. and international economies and markets; significant
capital commitments and the capital expenditures required to effect our business plan; our ability to adapt to future
changes in technology, enhance existing offerings, and introduce new offerings to address customers' changing
demands; changes in legal and regulatory requirements, including any change or increase in restrictions on our
ability to operate our network; our ability to successfully maintain and improve our network, and the possibility of
incurring additional costs in doing so; major equipment failures; severe weather conditions or other force majeure
events; and other risks described in our filings with the Securities and Exchange Commission, including those
described in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25,
2014. You should not place undue reliance on these forward-looking statements. We do not undertake to update
forward-looking statements, whether as a result of new information, future events or otherwise, except as required
by law.
As required by SEC rules, we have provided a reconciliation of the non-GAAP financial measures included in this
presentation to the most directly comparable GAAP measures in materials on our website at http://investor.tmobile.com.

2
Agenda
Operating Highlights and
Key Initiatives

Financial Results

Q&A

3

John Legere, President and CEO

Braxton Carter, CFO

TMUS Management Team
Operating Highlights and Key Initiatives

John Legere
President and CEO

4
Key Messages
1

2013: T-Mobile is the fastest growing wireless company



2

Total net additions of more than 4.4 million in 2013 – 1.6 million in Q4
Branded postpaid net additions of over 2 million in 2013 – 869K in Q4

Growth and profitability


Met Adjusted EBITDA target while exceeding branded postpaid net adds guidance



Strong cost discipline with $1.7 billion run-rate costs taken out of the business in 2013

Strong operating improvement – improved retention & customer quality

3



Branded postpaid churn of 1.7% for FY 2013 – down 70bps YoY



Improving quality metrics: service bad debt expense, % Prime in EIP receivables

Continuing growth path even further in 2014 – already seen in Q1

4



5

Guiding toward Adjusted EBITDA of $5.7 to $6.0 billion
Branded postpaid net adds guidance of 2 to 3 million
Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
Transformational Year of Growth as Un-carrier

Path to
Growth

FASTEST NATIONWIDE 4G LTE NETWORK
UN-CARRIER 4.0 – CONTRACT FREEDOM

JAN 8

ANNOUNCED VERIZON A-BLOCK TRANSACTION

JAN 6

UN-CARRIER 3.0, PART II – TABLETS UN-LEASHED
UN-CARRIER 3.0, PART I – SIMPLE GLOBAL
UN-CARRIER 2.0 – JUMP! AND SIMPLE CHOICE FOR FAMILY
CLOSED METROPCS DEAL – TMUS LISTED ON NYSE
APPLE iPHONE LAUNCHED
UN-CARRIER 1.0 – SIMPLE CHOICE
6

JAN 8

OCT 23
OCT 9
JULY 10
APRIL 30 / MAY 1
APRIL12
MARCH 26
Sustained Postpaid Growth – Improving Quality
QoQ
change

Branded Postpaid Nets
in thousands
688

648

869

869K Branded Postpaid Net Adds
 800K branded postpaid phone net adds
 +80% YoY and +15% QoQ gross adds

221K

(199)

 1.7% postpaid churn, down 80 bps YoY

(515)
4Q12

 2.006 million FY13 branded postpaid net adds

1Q13

2Q13

3Q13

4Q13

Branded Postpaid Churn

Continued Improvement in Customer Quality

in %

 2013 Service bad debt exp. down 51% YoY

2.5%
1.9%

1.6%

1.7%

 EIP receivables: 54% Prime vs. 43% in 4Q12

1.7%
0 bps

4Q12

1Q13

2Q13

3Q13

4Q13

Branded Prepaid Nets

Branded Prepaid Net Adds Accelerating

in thousands

 112K branded prepaid net adds in 4Q13

310

 Ongoing prepaid to postpaid migrations of
~120K

112

73
24

88K

(87)
4Q12

7

1Q13

 Un-carrier 4.0 launch – strong uptake among
highest credit quality customers

2Q13

3Q13

4Q13

 +5% QoQ gross adds due primarily to
MetroPCS brand expansion
Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
Strong Customer Momentum Across the Board
QoQ
change

Total Branded Nets
in thousands
601

672

981

Nearly 1.0 Million Total Branded Net Adds

111
309K

 Un-carrier strategy driving continued success
in branded postpaid and prepaid

(442)
4Q12

1Q13

2Q13

3Q13

4Q13

Wholesale Nets

Strong Performance in Wholesale

in thousands
576

410

 492K MVNO net adds, up 79% YoY and 43%
QoQ

664
452

351
313K

4Q12

1Q13

2Q13

3Q13

Total Nets

4Q13

 172K M2M net adds, up 27% YoY and up
significantly from 7K in 3Q13

1,645

in thousands
1,053

1,023

Over 4.4 million Total Net Adds in 2013

687
622K

 3rd consecutive quarter of over 1 million net
adds

(32)
4Q12

8

1Q13

2Q13

3Q13

4Q13

Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
Fastest 4G LTE Network in the United States
4G LTE Covered POPs (M)

Rapid Expansion of 4G LTE
 209M 4G LTE POPs in 273 metro areas

250+

209

 Live 4G LTE in 95 of Top 100 metro areas
 250M+ POPs targeted in 2014
Fastest 4G LTE Network in the US1

0

 10+10MHz 4G LTE in 43 of Top 50 metro areas
2012

2013

2014

700MHz A-Block License Areas

 Live 20+20MHz 4G LTE in Dallas

 Continued planned rollout of 20+20MHz 4G
LTE in 2014
Strategic 700 A-Block Transaction Announced

 158M POPs covered including existing Boston
license
 9 of Top 10 and 21 of Top 30 metro areas
 70% of existing TMUS customer base
 Deployment planned to start in 2014 after
closing
1 According to our independent analysis of the NetMetrics reports
provided by Speedtest.net.

9
MetroPCS Integration Continues Ahead of Plan
Spectrum & Market Expansion
 >25% of MetroPCS spectrum refarmed and integrated into the
T-Mobile network at end of 2013
 MetroPCS customers with TMUS
compatible handsets: 3.5M (Feb
2014)

 30 new expansion markets with over
1,700 distribution points at end of
4Q13

Synergies & One-Time Costs
 Synergies exceeded plan in 20131
– Capex synergies at $675M versus
original plan of $70-135M
– Opex synergies at $105M versus
original plan of $(30)-30M
 One-time integration costs – opex
and capex – ahead of target in 20131
‒ $450M network and non-network
costs versus original plan of $500640M
 Accelerating shutdown of 3 markets
from 2015 to 2014 with potential for
early shutdown in several additional
markets
1 Original Year 1 targets multiplied by 2/3.

10
Financial Results

Braxton Carter
CFO

11
Strong Profitability and Significant Growth
QoQ %
change

Total Revenues
in millions
$6,193

$5,964

$6,651

$6,688

$6,827

 YoY and QoQ growth in Total Revenue
2.1%

4Q12

1Q13

2Q13

3Q13

$5,106

$5,122

Continued Growth in Service Revenues
$5,138

 Third consecutive quarter of sequential growth
in Service Revenue

$5,169

0.6%

4Q12

1Q13

2Q13

 $1.2 billion of equipment sales revenue
financed on EIP vs. $1.0 billion in 3Q13 and
$375 million in 4Q12

4Q13

Service Revenues
in millions
$5,227

Total Revenue Growth of 10% YoY

3Q13

 Significant customer growth offsetting
migrations to Simple Choice / Value Plans

4Q13

Over $5.3 billion of Adjusted EBITDA in 2013
 FY13 Adjusted EBITDA fully in line with
guidance coupled with significant out
performance on growth

Adjusted EBITDA
in millions
$1,355

$1,469

$1,265

$1,344

$1,239

 Record smartphone sales of 6.2 million units
7.8%

4Q12

12

1Q13

2Q13

3Q13

4Q13

 Branded postpaid upgrade rate of 9%; up from
6% in 4Q12 and flat sequentially
Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
Rapid Adoption of Simple Choice Driving ARPU
QoQ %
change

Branded Postpaid ARPU
$ per month
$55.47

$54.07

$53.60

$52.20

$50.70
2.9%

4Q12

1Q13

2Q13

3Q13

4Q13

Branded Postpaid Average Billings Per User1
$ per month
$57.97

ARPU Decline Related to Ongoing Adoption
of Simple Choice Plans
 Simple Choice / Value Plans accounted for
69% of branded postpaid base vs. 61% in
3Q13 and 30% in 4Q12
Branded Postpaid Average Billings Per User
up 1.4% YoY in 4Q
 Acceleration from 3Q growth of 0.9% YoY

$57.28

$58.72

$59.08

$58.78

EIP

0.5%
Service

Customer Quality Continues to Improve
 2013 Service bad debt exp. down 51% YoY

4Q12

1Q13

2Q13

3Q13

 2013 Service bad debt exp. as % of service
revenues: 1.47%; down 136 basis points YoY

4Q13

Branded Prepaid ARPU
$ per month
$35.71

Branded Prepaid ARPU Up YoY and QoQ
$35.87

$35.97

$35.71

$35.84

 Reflects growth in monthly prepaid service
plans that include data services
0.4%
10%

4Q12

13

1Q13

2Q13

3Q13

4Q13

Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
1 Branded Postpaid Average Billings Per User is calculated by adding EIP
Billings to Branded Postpaid Service Revenues and dividing by Average
Branded Postpaid Customers.
Balance Sheet Provides Significant Flexibility
Cash Capex
Ongoing Investment in Network Modernization

in millions
$1,156

$1,230

$1,111

$1,017
$882

 Capex weighted toward H1 to maximize
customer benefits
 Fastest 4G LTE network covering 209M POPs in
273 metro areas

4Q12

1Q13

2Q13

3Q13

4Q13

Simple Free Cash Flow1

Focused on Free Cash Flow (FCF) Generation

in millions

$199

4Q12

 FY13 Simple FCF of $1.077 billion
$239

1Q13

$327

$357

$154

2Q13

3Q13

4Q13

Strong Liquidity

Ending Cash

 $5.891 billion ending cash position

in millions
$5,891
$2,362

$394
4Q12

14

 Total EIP receivables, net of deferred interest and
allowances for credit losses, up $0.6 billion from
3Q13 and up $1.8 billion from 4Q12

 $14.3 billion net debt excluding towers
 2.7x pro forma combined 2013 Adjusted EBITDA

$2,365

$449
1Q13

2Q13

3Q13

4Q13

Note: All figures, except ending cash for Q4 2012 and Q1 & Q2 2013, are pro
forma combined results. Ending cash amounts are TMUS reported results,
not pro forma combined. 1 Simple FCF is Adjusted EBITDA less cash capex.
Successful Execution on 2013 Guidance
2013 Guidance Achievement
Guidance

Actual

Adjusted EBITDA pro forma
combined (in billions)1

$5.2 – $5.4

$5.3

Cash Capex pro forma
combined (in billions)1

$4.2 – $4.4

$4.2

1.6 – 1.8

2.0

65% – 75%

69%

Branded Postpaid Net Adds
(millions)
Penetration of Simple
Choice/Value Plans in
Branded Postpaid Base

1 Pro forma combined includes MetroPCS results for the full year.

15
Guidance for 2014
2014 Guidance Outlook
Adjusted EBITDA
(in billions)

$5.7 – $6.0

Cash Capex
(in billions)

$4.3 – $4.6

Branded Postpaid Net
Adds (in millions)
Penetration of Simple
Choice/Value Plans in
Branded Postpaid Base

16

2.0 – 3.0

85% – 90%
Key Messages
1

2013: T-Mobile is the fastest growing wireless company



2

Total net additions of more than 4.4 million in 2013 – 1.6 million in Q4
Branded postpaid net additions of over 2 million in 2013 – 869K in Q4

Growth and profitability



3

Met Adjusted EBITDA target while exceeding branded postpaid net adds guidance
Strong cost discipline with $1.7 billion run-rate costs taken out of the business in 2013

Strong operating improvement – improved retention & customer quality



4

Branded postpaid churn of 1.7% for FY 2013 – down 70bps YoY
Improving quality metrics: service bad debt expense, % Prime in EIP receivables

Continuing growth path even further in 2014 – already seen in Q1


Guiding toward Adjusted EBITDA of $5.7 to $6.0 billion



Branded postpaid net adds guidance of 2 to 3 million

17

Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
T-Mobile US Q4 and Full Year 2013

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T-Mobile US Q4 2013 Slide Presentation

  • 1. T-Mobile US Q4 and Full Year 2013
  • 2. Disclaimer This presentation contains “forward-looking” statements within the meaning of the U.S. federal securities laws. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about T-Mobile US, Inc.'s plans, outlook, beliefs, opinions, projections, guidance, strategy, integration of MetroPCS, expected network modernization and other advancements, are forward-looking statements. Generally, forward-looking statements may be identified by words such as "anticipate," "expect," "suggests," "plan," “project,” "believe," "intend," "estimates," "targets," "views," "may," "will," "forecast," and other similar expressions. The forward-looking statements speak only as of the date made, are based on current assumptions and expectations, and involve a number of risks and uncertainties. Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the following: our ability to compete in the highly competitive U.S. wireless telecommunications industry; adverse conditions in the U.S. and international economies and markets; significant capital commitments and the capital expenditures required to effect our business plan; our ability to adapt to future changes in technology, enhance existing offerings, and introduce new offerings to address customers' changing demands; changes in legal and regulatory requirements, including any change or increase in restrictions on our ability to operate our network; our ability to successfully maintain and improve our network, and the possibility of incurring additional costs in doing so; major equipment failures; severe weather conditions or other force majeure events; and other risks described in our filings with the Securities and Exchange Commission, including those described in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2014. You should not place undue reliance on these forward-looking statements. We do not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. As required by SEC rules, we have provided a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable GAAP measures in materials on our website at http://investor.tmobile.com. 2
  • 3. Agenda Operating Highlights and Key Initiatives Financial Results Q&A 3 John Legere, President and CEO Braxton Carter, CFO TMUS Management Team
  • 4. Operating Highlights and Key Initiatives John Legere President and CEO 4
  • 5. Key Messages 1 2013: T-Mobile is the fastest growing wireless company   2 Total net additions of more than 4.4 million in 2013 – 1.6 million in Q4 Branded postpaid net additions of over 2 million in 2013 – 869K in Q4 Growth and profitability  Met Adjusted EBITDA target while exceeding branded postpaid net adds guidance  Strong cost discipline with $1.7 billion run-rate costs taken out of the business in 2013 Strong operating improvement – improved retention & customer quality 3  Branded postpaid churn of 1.7% for FY 2013 – down 70bps YoY  Improving quality metrics: service bad debt expense, % Prime in EIP receivables Continuing growth path even further in 2014 – already seen in Q1 4   5 Guiding toward Adjusted EBITDA of $5.7 to $6.0 billion Branded postpaid net adds guidance of 2 to 3 million Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
  • 6. Transformational Year of Growth as Un-carrier Path to Growth FASTEST NATIONWIDE 4G LTE NETWORK UN-CARRIER 4.0 – CONTRACT FREEDOM JAN 8 ANNOUNCED VERIZON A-BLOCK TRANSACTION JAN 6 UN-CARRIER 3.0, PART II – TABLETS UN-LEASHED UN-CARRIER 3.0, PART I – SIMPLE GLOBAL UN-CARRIER 2.0 – JUMP! AND SIMPLE CHOICE FOR FAMILY CLOSED METROPCS DEAL – TMUS LISTED ON NYSE APPLE iPHONE LAUNCHED UN-CARRIER 1.0 – SIMPLE CHOICE 6 JAN 8 OCT 23 OCT 9 JULY 10 APRIL 30 / MAY 1 APRIL12 MARCH 26
  • 7. Sustained Postpaid Growth – Improving Quality QoQ change Branded Postpaid Nets in thousands 688 648 869 869K Branded Postpaid Net Adds  800K branded postpaid phone net adds  +80% YoY and +15% QoQ gross adds 221K (199)  1.7% postpaid churn, down 80 bps YoY (515) 4Q12  2.006 million FY13 branded postpaid net adds 1Q13 2Q13 3Q13 4Q13 Branded Postpaid Churn Continued Improvement in Customer Quality in %  2013 Service bad debt exp. down 51% YoY 2.5% 1.9% 1.6% 1.7%  EIP receivables: 54% Prime vs. 43% in 4Q12 1.7% 0 bps 4Q12 1Q13 2Q13 3Q13 4Q13 Branded Prepaid Nets Branded Prepaid Net Adds Accelerating in thousands  112K branded prepaid net adds in 4Q13 310  Ongoing prepaid to postpaid migrations of ~120K 112 73 24 88K (87) 4Q12 7 1Q13  Un-carrier 4.0 launch – strong uptake among highest credit quality customers 2Q13 3Q13 4Q13  +5% QoQ gross adds due primarily to MetroPCS brand expansion Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
  • 8. Strong Customer Momentum Across the Board QoQ change Total Branded Nets in thousands 601 672 981 Nearly 1.0 Million Total Branded Net Adds 111 309K  Un-carrier strategy driving continued success in branded postpaid and prepaid (442) 4Q12 1Q13 2Q13 3Q13 4Q13 Wholesale Nets Strong Performance in Wholesale in thousands 576 410  492K MVNO net adds, up 79% YoY and 43% QoQ 664 452 351 313K 4Q12 1Q13 2Q13 3Q13 Total Nets 4Q13  172K M2M net adds, up 27% YoY and up significantly from 7K in 3Q13 1,645 in thousands 1,053 1,023 Over 4.4 million Total Net Adds in 2013 687 622K  3rd consecutive quarter of over 1 million net adds (32) 4Q12 8 1Q13 2Q13 3Q13 4Q13 Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
  • 9. Fastest 4G LTE Network in the United States 4G LTE Covered POPs (M) Rapid Expansion of 4G LTE  209M 4G LTE POPs in 273 metro areas 250+ 209  Live 4G LTE in 95 of Top 100 metro areas  250M+ POPs targeted in 2014 Fastest 4G LTE Network in the US1 0  10+10MHz 4G LTE in 43 of Top 50 metro areas 2012 2013 2014 700MHz A-Block License Areas  Live 20+20MHz 4G LTE in Dallas  Continued planned rollout of 20+20MHz 4G LTE in 2014 Strategic 700 A-Block Transaction Announced  158M POPs covered including existing Boston license  9 of Top 10 and 21 of Top 30 metro areas  70% of existing TMUS customer base  Deployment planned to start in 2014 after closing 1 According to our independent analysis of the NetMetrics reports provided by Speedtest.net. 9
  • 10. MetroPCS Integration Continues Ahead of Plan Spectrum & Market Expansion  >25% of MetroPCS spectrum refarmed and integrated into the T-Mobile network at end of 2013  MetroPCS customers with TMUS compatible handsets: 3.5M (Feb 2014)  30 new expansion markets with over 1,700 distribution points at end of 4Q13 Synergies & One-Time Costs  Synergies exceeded plan in 20131 – Capex synergies at $675M versus original plan of $70-135M – Opex synergies at $105M versus original plan of $(30)-30M  One-time integration costs – opex and capex – ahead of target in 20131 ‒ $450M network and non-network costs versus original plan of $500640M  Accelerating shutdown of 3 markets from 2015 to 2014 with potential for early shutdown in several additional markets 1 Original Year 1 targets multiplied by 2/3. 10
  • 12. Strong Profitability and Significant Growth QoQ % change Total Revenues in millions $6,193 $5,964 $6,651 $6,688 $6,827  YoY and QoQ growth in Total Revenue 2.1% 4Q12 1Q13 2Q13 3Q13 $5,106 $5,122 Continued Growth in Service Revenues $5,138  Third consecutive quarter of sequential growth in Service Revenue $5,169 0.6% 4Q12 1Q13 2Q13  $1.2 billion of equipment sales revenue financed on EIP vs. $1.0 billion in 3Q13 and $375 million in 4Q12 4Q13 Service Revenues in millions $5,227 Total Revenue Growth of 10% YoY 3Q13  Significant customer growth offsetting migrations to Simple Choice / Value Plans 4Q13 Over $5.3 billion of Adjusted EBITDA in 2013  FY13 Adjusted EBITDA fully in line with guidance coupled with significant out performance on growth Adjusted EBITDA in millions $1,355 $1,469 $1,265 $1,344 $1,239  Record smartphone sales of 6.2 million units 7.8% 4Q12 12 1Q13 2Q13 3Q13 4Q13  Branded postpaid upgrade rate of 9%; up from 6% in 4Q12 and flat sequentially Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
  • 13. Rapid Adoption of Simple Choice Driving ARPU QoQ % change Branded Postpaid ARPU $ per month $55.47 $54.07 $53.60 $52.20 $50.70 2.9% 4Q12 1Q13 2Q13 3Q13 4Q13 Branded Postpaid Average Billings Per User1 $ per month $57.97 ARPU Decline Related to Ongoing Adoption of Simple Choice Plans  Simple Choice / Value Plans accounted for 69% of branded postpaid base vs. 61% in 3Q13 and 30% in 4Q12 Branded Postpaid Average Billings Per User up 1.4% YoY in 4Q  Acceleration from 3Q growth of 0.9% YoY $57.28 $58.72 $59.08 $58.78 EIP 0.5% Service Customer Quality Continues to Improve  2013 Service bad debt exp. down 51% YoY 4Q12 1Q13 2Q13 3Q13  2013 Service bad debt exp. as % of service revenues: 1.47%; down 136 basis points YoY 4Q13 Branded Prepaid ARPU $ per month $35.71 Branded Prepaid ARPU Up YoY and QoQ $35.87 $35.97 $35.71 $35.84  Reflects growth in monthly prepaid service plans that include data services 0.4% 10% 4Q12 13 1Q13 2Q13 3Q13 4Q13 Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results. 1 Branded Postpaid Average Billings Per User is calculated by adding EIP Billings to Branded Postpaid Service Revenues and dividing by Average Branded Postpaid Customers.
  • 14. Balance Sheet Provides Significant Flexibility Cash Capex Ongoing Investment in Network Modernization in millions $1,156 $1,230 $1,111 $1,017 $882  Capex weighted toward H1 to maximize customer benefits  Fastest 4G LTE network covering 209M POPs in 273 metro areas 4Q12 1Q13 2Q13 3Q13 4Q13 Simple Free Cash Flow1 Focused on Free Cash Flow (FCF) Generation in millions $199 4Q12  FY13 Simple FCF of $1.077 billion $239 1Q13 $327 $357 $154 2Q13 3Q13 4Q13 Strong Liquidity Ending Cash  $5.891 billion ending cash position in millions $5,891 $2,362 $394 4Q12 14  Total EIP receivables, net of deferred interest and allowances for credit losses, up $0.6 billion from 3Q13 and up $1.8 billion from 4Q12  $14.3 billion net debt excluding towers  2.7x pro forma combined 2013 Adjusted EBITDA $2,365 $449 1Q13 2Q13 3Q13 4Q13 Note: All figures, except ending cash for Q4 2012 and Q1 & Q2 2013, are pro forma combined results. Ending cash amounts are TMUS reported results, not pro forma combined. 1 Simple FCF is Adjusted EBITDA less cash capex.
  • 15. Successful Execution on 2013 Guidance 2013 Guidance Achievement Guidance Actual Adjusted EBITDA pro forma combined (in billions)1 $5.2 – $5.4 $5.3 Cash Capex pro forma combined (in billions)1 $4.2 – $4.4 $4.2 1.6 – 1.8 2.0 65% – 75% 69% Branded Postpaid Net Adds (millions) Penetration of Simple Choice/Value Plans in Branded Postpaid Base 1 Pro forma combined includes MetroPCS results for the full year. 15
  • 16. Guidance for 2014 2014 Guidance Outlook Adjusted EBITDA (in billions) $5.7 – $6.0 Cash Capex (in billions) $4.3 – $4.6 Branded Postpaid Net Adds (in millions) Penetration of Simple Choice/Value Plans in Branded Postpaid Base 16 2.0 – 3.0 85% – 90%
  • 17. Key Messages 1 2013: T-Mobile is the fastest growing wireless company   2 Total net additions of more than 4.4 million in 2013 – 1.6 million in Q4 Branded postpaid net additions of over 2 million in 2013 – 869K in Q4 Growth and profitability   3 Met Adjusted EBITDA target while exceeding branded postpaid net adds guidance Strong cost discipline with $1.7 billion run-rate costs taken out of the business in 2013 Strong operating improvement – improved retention & customer quality   4 Branded postpaid churn of 1.7% for FY 2013 – down 70bps YoY Improving quality metrics: service bad debt expense, % Prime in EIP receivables Continuing growth path even further in 2014 – already seen in Q1  Guiding toward Adjusted EBITDA of $5.7 to $6.0 billion  Branded postpaid net adds guidance of 2 to 3 million 17 Note: All figures for 4Q12, 1Q13 and 2Q13 are pro forma combined results.
  • 18. T-Mobile US Q4 and Full Year 2013